1.How Economies Change? – A Study of Spain and India

G. Marin, University of the Basque Country, Leioa, Spain and Post-Doctoral Fellow, IIT (ISM) Dhanbad
Pramod Pathak, Head-Management Studies,IIT (ISM) Dhanbad (Jharkhand)
Saumya Singh, Associate Professor-Management Studies,IIT (ISM) Dhanbad (Jharkhand)


Comparing economies is a tricky affair because though the parameters are the same yet, the conditionality differs. It is like a comparison of dissimilar attributes. How to juxtapose attributes of one economy vis-à-vis another when the two have entirely different histories, cultures, geographies and other socio political conditions. However, the task before the authors of this paper was to do this very job – comparing economic development of Spain and India with the help of the evolution of industrialization. The present paper is based on the result of research done between July 2015 and January 2016 in the Department of Management Studies, IIT (ISM), Dhanbad, in the context of post-doctoral Fellowship from the European Union program Erasmus Mundus AREAS+.

The interesting aspect of this study is that despite all constraints Indian economy has grown commendably in comparison to the leading economies of the world, particularly the Western Europe. It may be recalled that the Industrial Revolution that was a game changer for Europe, gave certain inherent advantages to the European countries where it originated. But over the years Indian growth story has been a transformational one, despite a sluggish growth and disadvantaged history of exploitation and subjugation. Moreover, a large and rapidly growing population plagued by illiteracy and poverty has been a further stumbling block. But, the Indian economy has grown despite these difficulties and compares well with many developed economies. The paper details the evolution of Spanish and Indian economies and is based on the research carried out by the main author under the guidance of the two co-authors.


2. Literature Review: An Oblivious yet Grounding Task of Research

Anupam Shukla, Associate Professor, School of Management Sciences, Varanasi (UP)


Writing research review is a daunting yet an important task of research writing. Since literature review is an essential part of research paper which highlights the literature as a foundation and as support new insights emerged from the arguments put forwarded. Hence, literature review not written properly can ruin the argument of a research. This conceptual paper deals with reviewing the literature in research which at time taken as an oblivious task yet important in building the argument of whole research. The objective of this paper is to make readers understand the importance & purpose of literature review and equip them to impart in their research process effectively and precisely. This paper discusses about what literature review is and also enumerates how to do literature review for a research paper.


3.A salesperson-customer relationship perspective of sales force ethical behaviour

Zoha Fatima, Research Scholar, Department of Business Administration, Faculty of Management Studies and Research, Aligarh Muslim University, Aligarh (UP)


In this competitive environment, as the companies are producing similar products, the only thing that can differentiate one company from other company is the behaviour of salespeople. Sales force ethical behaviour has been found to have an immense impact on customer’s trust, satisfaction and commitment with the salesperson, influencing salesperson-customer relationship. As the profitability of sales organizations depend on the successful relationship between salespeople and customers, efforts are being made by sales organizations to encourage salespeople to behave ethically and address the concern of customers with due responsibility. This paper makes an attempt to analyse the impact of sales force ethical behaviour on sales force-customer relationship and suggests ways to improve it. The paper is based on review of studies.

4.Empirical Evidence of Corporate Governance Disclosure and Board Size Modular with Financial Performance in select IT Companies in India

Saurabh Kumar, Research Scholar,
Twinkle Prusty, Associate Professor,
Faculty of Commerce, Banaras Hindu University, Varanasi (UP)


This paper investigates the relationship and impacts of board size and corporate governance disclosure of selected listed Indian IT companies on its financial performance using data for five companies over a single period of 2014 to 2015. Using structure equation modelling, the study demonstrates the extent to which board size and disclosure helps explain the financial performance of the selected companies. The main findings show that there’s a significant relationship between independent variable i.e. board size and disclosure and dependent variable i.e. return on assets and capital employed. Thus board size is having inverse relationship with the returns whereas corporate governance disclosure is having positive relationship with the returns. Hence, the more the board size it will negatively affect the returns and more the corporate governance disclosure will lead to increase in returns. At backdrop this paper has also witnessed that different companies are having their own different attitude and approach regarding the disclosure of their corporate governance practice.


5. Understanding Perceived Risk: A Case Study of Green Electronic Consumer Products

Vivek Kumar Pathak, Assistant Professor, IMS Unison University, Dehradun (Uttarakhand)
Anchal Pathak, Assistant Professor, School of Management sciences, Varanasi (UP)


Perceived risk is defined as consumers’ perception of the uncertainty and adverse consequences of engaging in a purchase activity. Since the risk is in consumers’ mind, it is perceived and not necessarily real. In this research, we have tried to understand the risk as perceived by consumers while purchasing green electronic products. By uncovering the five dimensions of risks (Financial, Functional, Physical, Psycho-social, and Time Risk) that may be holding consumers back to purchase green electronic products, this research does give some indication on how a company engaged in selling green electronic consumer products (GECPs) should pay special attention in minimizing the consumers’ level of uncertainty regarding the outcome of a purchase decision. The results of this research can be used by manufacturers and marketers of GECPs to negate common sales objections of consumers and to apply appropriate strategies to minimize and manage perceived risk.


Bhavesh A. Kinkhabwala, Vidhi Kotak
Research Scholars, B.K. School of Business Management, Gujarat University, Ahmedabad (Gujarat)


Looking to the present social stratum of the Country and a dire need for the balanced growth of the country, there needs a broader vision by moving ahead from the triple bottom line (“People, Planet and Profit”) to “Partnership, Progress and Prosperity”. CSR is need of an hour so as to contribute to the social innovation and development in India. India is the first and only country across the globe having mandatory enforcement of provisions relating to CSR for certain corporate entities vide Companies Act, 2013. India is ranked 3rd (third) in the list, according to social enterprise CSR Asia’s Asian Sustainability Ranking (ASR).

Origin of CSR [Corporate Social Responsibility] can be traced from the ancient scriptures and it is not a concept borrowed from the foreign country. Now, it’s a right time to ensure that while dealing with CSR, approach should be that of participatory and not a contributory. Let, CSR be part of company strategy and budget and be treated like an actionable business agenda. CSR agenda should carry the stake holder approach by a corporate and not a charity oriented approach.

Many expectations are carved out from the corporate sector ensuring best corporate governance practices. So, such ideal and effective corporate governance practices will ensure a means to an end of balanced growth of the country. Sustainable functioning with a philosophy of “Vasudhaiva Kutumbakam” [entire universe belongs to the same family] is need of an hour. It’s a time to revert to our ancient scriptures, Upnishadas, Puranas and Vedic literatures for the holistic living and the same can only be the means to an end of balanced growth.


7.  Self Help Groups and Women empowerment: Appraisal of Drang Block in Mandi District of HP

Uttam Singh, Research Scholar, School of Humanities and Social Sciences, Indian Institute of Technology, Mandi (Himachal Pradesh)


The self Help Group (SHG) movement in India has worked in the right path to fulfil the aim of empowering women and eradicating poverty in the rural area. The participation of women in SHG made an important impact on their empowerment both in social and economical aspect. However, women are still not empowered as per the expectation. The present study is conducted in Drang block of district Mandi in Himachal Pradesh. The study is trying to look at the role and performance of SHGs in women empowerment, how SHG impacting on the socio-economic status and their decision-making power in family and community also. The data collected from primary sources. A cluster and random sampling method used to for identification of area and respondent. Closed format questionnaire used for the interview. The percentage tool is used to check the result. The study concludes with an observation that financial autonomy, and participation in community-driven program, self-employment autonomy are only enabling factors to women empowerment.



Tej Singh, Professor & Chairperson, Commerce, IGU, Meerpur, Rewari (Haryana)
Parul Mittal, Assistant Professor, Dept of Commerce, KLP College, Rewari (Haryana)


The paper highlights the Self Help Groups trends and patterns in the State of Haryana. In the state, both government and non-government organizations are working for microfinance programme and have been promoting SHGs under various programmes and schemes by different departments and agencies. In Haryana, SHGs are promoting through Women and Child Development Department has promoted SHGs under the Programme for Advancement of gender Equity and Swayamsiddha. Women’s Awareness & Management Academy has promoted Swa-shakti project. Forest Department has been promoting SHGs under the Haryana Community Forest Project and Integrated Natural Resource Management and Poverty Reduction. Banks are promoting SHGs under the SHGs-Bank linkage Programme of NABARD; DRDA is promoting SHGs under Swarnjayati Gram Swarajgar Yojana ((Now National Rural Livelihoods Mission, NRLM). Mewat Development Agency is promoting SHGs under IFAD programme in Mewat district. The most wide-spread model of micro-finance in Haryana is Swaranjayanti Gram Swarozgar Yojana and NABARD-SHG Linkage.


9. A study on implementation of GST and its repercussion on Indian automobile sector

F.B.Singh, Professor,
Pooja Jha, Research Scholar;
Department of Commerce, Banaras Hindu University, Varanasi


The paper highlights a brief analysis of GST which would bring a substantial change in the purview of indirect tax in India. Basically, it is called the mother of indirect tax as it will subsume most of the indirect tax leading to a lucid ambiance for tax payer to deal with it. The paper depicts the background and mission of proposed GST and its repercussion on Indian industry with special reference to automobile sector. The paper further reconnoiters the significance of GST and finally draws out the conclusion


10. Exploring the relationship between Job Commitment and Job Satisfaction through a Review of Literature

Babulal Rajak, Deputy Registrar, IIT Kharagpur (West Bengal) and Research Scholar, IIT(ISM) Dhanbad (Jharkhand)
Mrinalini Pandey, Assistant Professor, Department of Management Studies, IIT(ISM) Dhanbad (Jharkhand)


The primary motivation behind the review was to examine the interrelation between job commitment and job satisfaction of individuals in higher education institutions and its effect on their performance. This study focuses on various theories related to job commitment and job satisfaction. Keeping in mind the end goal to have better standard of life and to satisfy one’s needs, one has to work with satisfaction as it brings about development not only for the employees but also enhances the productivity and service to the institution consequently it increases the commitment to the institution. Following are the research objectives for this study (1) To look at the interrelation between job commitment and job satisfaction among the employee of an institution of higher education (2) To examine the effect of employee on job satisfaction and job commitment due to their biographical characteristics (3) To examine the significant way to motivate employee in order to boost the job satisfaction. The result showed that there exists a critical connection between job commitment and employment fulfillment of a person. The study highlights that the higher the level of motivation the greater the enhancement of satisfaction and commitment of the employees towards their institution.


Shishir Kumar Gujrati, Assistant Professor, School of Management Sciences, Varanasi (UP)


A developing economy has to spent more to increase the level of disposable income in the hands of its citizens. It has to undertake various projects which can provide long term benefits to the people and can raise their standard of living. Such projects involves huge amount of investment which are met through borrowings. Reckless borrowings results in unproductive interest expenditure, thereby depriving the nation with most of its income. In order to fix the responsibility with the government and to prevent it from unnecessary borrowings for unproductive purposes, the FRBM Act was enacted in 2003. However, due to the international financial crisis from 2007, the implementation of this act was postponed and later on suspended in 2009. The current paper attempts to highlight the features and the recommendations of this act.

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